Labor Department offers consolation after unemployment soars

[Omaha Steve]

http://www.credit.com/news/employment-trends/2009-03-08/labor-department-offers-consolation-after-unemployment-soars.html

03.08.09
By Lewis Green

Americans worrying about a lingering recession received more bad news on Friday when the Bureau of Labor Statistics announced updated employment figures.

According to the BLS, 651,000 jobs were lost in February and the unemployment rate crept higher to 8.1 percent from 7.6 percent in January.

Although both adult men and women were affected by the latest job cuts, the unemployment rate for males reached 8.1 percent while the rate for women was 6.7 percent. Both figures were up over the last month.

Given the magnitude of this figure and similar information from previous months, a statement from the secretary of labor reminded Americans how these jobs loss figures touched everyone.


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